April 28, 2020 - Saskatoon, Saskatchewan – Aurex Energy Corp. (“AURX” or the “Company” - TSXV:AURX) announces that, pursuant to Alberta Securities Commission Blanket Order 51-517 (“Blanket Order”), it is postponing the filing of its annual audited financial statements, management’s discussion and analysis, and officers’ certificates for the year ended December 31, 2019 (the “Annual Filings”), and its interim financial statements, management’s discussion and analysis, and officers’ certificates for the period ended March 31, 2020 (the Q1 Filings”), due to delays related to the COVID-19 pandemic, in particular cross-border complications affecting the Company’s US subsidiaries.
The temporary exemptive relief granted by the Blanket Order allows Aurex to delay filing the Annual Filings required by National Instrument 51-102 due April 29, 2020, and the Q1 Filings due June 1, 2020, by up to 45 days.
Aurex estimates that it will file the Annual Filings on or before June 15, 2020, and the Q1 Filings on or before July 16, 2020. Until the documents are filed, Company management and insiders are subject to an insider trading blackout policy that reflects the principles in section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).
There have been no material business developments since the date of the last interim financial reports filed November 27, 2019, other than events disclosed in news releases issued subsequent to that date and available on SEDAR (www.sedar.com) or the Company website (www.aurexenergy.ca).
About Aurex Energy Corp.
Aurex Energy Corp. is a Canadian-based resource exploration and development company with its head office in Saskatoon, SK. Aurex is focused on the acquisition and development of a diversified portfolio of resource properties critical to current and future energy production. This includes natural gas for LNG, base metals including copper and zinc, platinum group elements, strategic metals including cobalt, and gold.
AUREX ENERGY CORP. TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL “AURX”.
For further information:
Aurex Energy Corp.
Gord Dent, Manager Investor Relations
Phone: 306-242-7363
Email:
To receive information by e-mail, visit www.aurexenergy.ca and click “Contact”.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.